0001138060-18-000018.txt : 20181114 0001138060-18-000018.hdr.sgml : 20181114 20181114134037 ACCESSION NUMBER: 0001138060-18-000018 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181114 DATE AS OF CHANGE: 20181114 EFFECTIVENESS DATE: 20181114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MADISON INVESTMENT HOLDINGS INC CENTRAL INDEX KEY: 0001138060 IRS NUMBER: 391194160 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03477 FILM NUMBER: 181182417 BUSINESS ADDRESS: STREET 1: 550 SCIENCE DR CITY: MADISON STATE: WI ZIP: 53711 BUSINESS PHONE: 6082740300 MAIL ADDRESS: STREET 1: 550 SCIENCE DR CITY: MADISON STATE: WI ZIP: 53711 FORMER COMPANY: FORMER CONFORMED NAME: MADISON INVESTMENT ADVISORS INC DATE OF NAME CHANGE: 20010411 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001138060 XXXXXXXX 09-30-2018 09-30-2018 MADISON INVESTMENT HOLDINGS INC

550 SCIENCE DR MADISON WI 53711

13F HOLDINGS REPORT 028-03477 Y Madison Asset Management, LLC, Madison Investment Advisors, LLC and Madison Investment Holdings, Inc. share all resources and personnel at their 550 Science Drive office, and such, no distinction is made among the three in the information table presented in the report. Due to rounding, certain dollar values may be higher or lower than the amounts would have been absent such rounding. TREY D. EDGERLE 608-216-9193 TREY D. EDGERLE MADISON WI 11-14-2018 2 258 5829217 false 1 0001299351 028-10986 Madison Asset Management, LLC 2 0001507115 028-14137 Madison Investment Advisors, LLC INFORMATION TABLE 2 mihi13f3q2018informationta.xml INFORMATION TABLE 3M Company COM 88579Y101 12020 57043 SH SOLE 56588 0 455 Abbott Laboratories COM 002824100 312 4252 SH SOLE 4186 0 66 Accenture PLC - Class A COM G1151C101 44799 263211 SH SOLE 256203 0 7008 AES Corporation COM 00130H105 29573 2112381 SH SOLE 2112381 0 0 Alcoa Corp COM 013872106 9825 243200 SH SOLE 243200 0 0 Alliance Data Systems Corp COM 018581108 26262 111206 SH SOLE 107770 0 3436 Allstate Corp COM 020002101 276 2800 SH SOLE 2800 0 0 Alphabet Inc - Class C CAP STK CL C 02079K107 70819 59339 SH SOLE 57573 0 1766 Alphabet Inc - Class A CAP STK CL A 02079K305 600 497 SH SOLE 497 0 0 Altria Group Inc. COM 02209S103 652 10817 SH SOLE 10817 0 0 Amazon.com Inc COM 023135106 403 201 SH SOLE 201 0 0 American Financial Group Inc. COM 025932104 735 6622 SH SOLE 6622 0 0 American Tower Corp COM 03027X100 51025 351167 SH SOLE 339084 0 12083 Amgen Inc COM 031162100 15008 72400 SH SOLE 72325 0 75 Amphenol Corp - Class A CL A 032095101 26356 280322 SH SOLE 271975 0 8347 Analog Devices Inc COM 032654105 43728 472939 SH SOLE 460614 0 12325 Apache Corp COM 037411105 12727 266990 SH SOLE 266990 0 0 Apple Inc COM 037833100 7670 33979 SH SOLE 33571 0 408 Arch Capital Group Ltd COM G0450A105 69299 2324688 SH SOLE 2253981 0 70707 Archer-Daniels-Midland Co COM 039483102 28640 569715 SH SOLE 569715 0 0 AT&T Inc COM 00206R102 670 19957 SH SOLE 19957 0 0 Automatic Data Processing Inc COM 053015103 14432 95792 SH SOLE 94947 0 845 Axalta Coating Systems Ltd COM G0750C108 40062 1373853 SH SOLE 1332241 0 41612 Baker Hughes a GE Co CL A 05722G100 9114 269400 SH SOLE 269400 0 0 Bank of America Corp COM 060505104 24069 817015 SH SOLE 817015 0 0 Bank of New York Mellon Corpor COM 064058100 8519 167079 SH SOLE 167079 0 0 Baxter International Inc. COM 071813109 25748 334005 SH SOLE 334005 0 0 BB&T Corporation COM 054937107 10351 213246 SH SOLE 213096 0 150 Becton, Dickinson and Company COM 075887109 7355 28180 SH SOLE 27556 0 624 Berkshire Hathaway Inc - Cl B CL B 084670702 65340 305171 SH SOLE 295206 0 9965 Boeing Company (The) COM 097023105 1341 3606 SH SOLE 3595 0 11 Booking Holdings Inc COM 09857L108 40995 20663 SH SOLE 19950 0 713 Boston Properties Inc COM 101121101 6117 49697 SH SOLE 49697 0 0 Bristol-Myers Squibb Co COM 110122108 281 4524 SH SOLE 4524 0 0 Brookfield Asset Management In CL A LTD VT SH 112585104 103853 2332209 SH SOLE 2254059 0 78150 Brown-Forman Corporation CL B 115637209 11587 229225 SH SOLE 222354 0 6871 Brown & Brown Inc. COM 115236101 54276 1835506 SH SOLE 1780659 0 54847 Canadian Natural Resources Ltd COM 136385101 22917 701699 SH SOLE 701699 0 0 CarMax Inc. COM 143130102 99715 1335406 SH SOLE 1291881 0 43525 Caterpillar Inc COM 149123101 616 4040 SH SOLE 4040 0 0 CBRE Group Inc CL A 12504L109 202 4579 SH SOLE 4579 0 0 CDW Corp/DE COM 12514G108 104812 1178725 SH SOLE 1140901 0 37824 Celgene Corp COM 151020104 900 10057 SH SOLE 10029 0 28 CenturyLink Inc COM 156700106 28931 1364685 SH SOLE 1364685 0 0 Cerner Corporation COM 156782104 5295 82200 SH SOLE 82200 0 0 Charles Schwab Corp/The COM 808513105 24481 498088 SH SOLE 480529 0 17559 Chevron Corp COM 166764100 30609 250322 SH SOLE 248781 0 1541 Chubb Ltd COM H1467J104 8688 65008 SH SOLE 64936 0 72 Ciena Corp COM 171779309 3499 112000 SH SOLE 112000 0 0 Cisco Systems Inc COM 17275R102 30692 630879 SH SOLE 627477 0 3402 Citigroup Inc. 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COM 247361702 5884 101755 SH SOLE 101755 0 0 Diageo PLC ADR SPON ADR 25243Q205 18858 133114 SH SOLE 132174 0 940 Discovery Inc COM SER A 25470F104 1082 33800 SH SOLE 33800 0 0 Discovery Inc COM SER C 25470F302 19177 648315 SH SOLE 648315 0 0 Dollar General Corp COM 256677105 1729 15819 SH SOLE 15819 0 0 Dollar Tree Inc. COM 256746108 96603 1184585 SH SOLE 1145013 0 39572 Dominion Energy Inc COM 25746U109 11999 170736 SH SOLE 170330 0 406 DowDuPont Inc COM 26078J100 26530 412532 SH SOLE 412532 0 0 Duke Energy Corp COM 26441C204 348 4355 SH SOLE 4355 0 0 eBay Inc. COM 278642103 1383 41897 SH SOLE 41897 0 0 Ecolab Inc. COM 278865100 1484 9467 SH SOLE 9127 0 340 Eli Lilly & Co COM 532457108 19038 177410 SH SOLE 177410 0 0 Emerson Electric Co COM 291011104 14464 188878 SH SOLE 188658 0 220 EOG Resources Inc. COM 26875P101 30497 239060 SH SOLE 239060 0 0 Exact Sciences Corp COM 30063P105 355 4500 SH SOLE 4500 0 0 Exelon Corp COM 30161N101 208 4754 SH SOLE 4754 0 0 Expeditors International of Wa COM 302130109 53049 721457 SH SOLE 699647 0 21810 Exxon Mobil Corporation COM 30231G102 29181 343223 SH SOLE 343203 0 20 Facebook Inc CL A 30303M102 378 2297 SH SOLE 2297 0 0 Fastenal Co COM 311900104 54072 931946 SH SOLE 912851 0 19095 FedEx Corp COM 31428X106 6491 26959 SH SOLE 26959 0 0 First Data Corp CL A 32008D106 29758 1216120 SH SOLE 1216120 0 0 Fortive Corp COM 34959J108 493 5855 SH SOLE 5855 0 0 Freeport-McMoRan Inc CL B 35671D857 7222 518800 SH SOLE 518800 0 0 General Dynamics Corp COM 369550108 511 2496 SH SOLE 2496 0 0 General Motors Co COM 37045V100 6889 204600 SH SOLE 204600 0 0 Gilead Sciences Inc. 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COM 65339F101 18730 111757 SH SOLE 110547 0 1210 NIKE Inc CL B 654106103 326 3852 SH SOLE 3852 0 0 Nordstrom Inc COM 655664100 3128 52300 SH SOLE 52300 0 0 Northern Trust Corp COM 665859104 19807 193941 SH SOLE 193011 0 930 Novartis AG ADR SPONSORED ADR 66987V109 76235 884809 SH SOLE 860032 0 24777 NRG Energy Inc COM 629377508 18227 487360 SH SOLE 487360 0 0 O'Reilly Automotive Inc COM 67103H107 53669 154523 SH SOLE 149878 0 4645 Oceaneering International Inc COM 675232102 16041 581199 SH SOLE 563409 0 17790 Omnicom Group Inc. COM 681919106 60114 883763 SH SOLE 854107 0 29656 Oracle Corporation COM 68389X105 32762 635419 SH SOLE 614245 0 21174 PACCAR Inc. COM 693718108 35767 524517 SH SOLE 506120 0 18397 PayPal Holdings Inc COM 70450Y103 1217 13850 SH SOLE 13822 0 28 PepsiCo Inc. COM 713448108 21543 192694 SH SOLE 191948 0 746 Pfizer Inc. COM 717081103 30337 688372 SH SOLE 684383 0 3989 PNC Financial Services Group I COM 693475105 7475 54890 SH SOLE 53704 0 1186 PPG Industries Inc COM 693506107 69270 634744 SH SOLE 611813 0 22931 Procter & Gamble Company (The) COM 742718109 21108 253607 SH SOLE 252379 0 1228 Progressive Corp COM 743315103 7298 102732 SH SOLE 101127 0 1605 QUALCOMM Inc. COM 747525103 11166 155016 SH SOLE 155016 0 0 Range Resources Corporation COM 75281A109 20152 1186125 SH SOLE 1186125 0 0 Regions Financial Corp COM 7591EP100 16946 923496 SH SOLE 923496 0 0 Reinsurance Group of America I COM 759351604 214 1477 SH SOLE 1477 0 0 RLI Corp COM 749607107 1219 15507 SH SOLE 15507 0 0 Ross Stores Inc COM 778296103 30296 305708 SH SOLE 296600 0 9108 Schlumberger Ltd COM 806857108 20067 329404 SH SOLE 328307 0 1097 Sempra Energy COM 816851109 23480 206420 SH SOLE 206420 0 0 Southern Co COM 842587107 362 8300 SH SOLE 8300 0 0 Starbucks Corp COM 855244109 58733 1033298 SH SOLE 1006119 0 27179 Steel Dynamics Inc COM 858119100 6372 141000 SH SOLE 141000 0 0 Stryker Corporation COM 863667101 911 5127 SH SOLE 5127 0 0 T-Mobile US Inc COM 872590104 15000 213730 SH SOLE 213730 0 0 Target Corporation COM 87612E106 3137 35563 SH SOLE 34433 0 1130 TE Connectivity Ltd REG SHS H84989104 43816 498305 SH SOLE 481019 0 17286 Texas Instruments Inc COM 882508104 7143 66578 SH SOLE 66502 0 76 Textron Inc COM 883203101 19997 279800 SH SOLE 279800 0 0 Thermo Fisher Scientific Inc. COM 883556102 213 873 SH SOLE 873 0 0 Tiffany & Co COM 886547108 438 3400 SH SOLE 3400 0 0 TJX Cos Inc COM 872540109 142145 1268924 SH SOLE 1232509 0 36415 Transocean Ltd REG SHS H8817H100 8997 644980 SH SOLE 644980 0 0 Travelers Cos Inc COM 89417E109 13645 105194 SH SOLE 105069 0 125 U.S. Bancorp COM 902973304 108795 2060118 SH SOLE 2010710 0 49408 UGI Corp COM 902681105 250 4500 SH SOLE 4500 0 0 Union Pacific Corp COM 907818108 16993 104358 SH SOLE 103427 0 931 United Parcel Service Inc CL B 911312106 22157 189784 SH SOLE 188508 0 1276 United Technologies Corp COM 913017109 20144 144082 SH SOLE 143927 0 155 UnitedHealth Group Inc COM 91324P102 964 3622 SH SOLE 3537 0 85 Vale SA ADR 91912E105 6624 446385 SH SOLE 446385 0 0 Varian Medical Systems Inc COM 92220P105 19387 173210 SH SOLE 167210 0 6000 Verisk Analytics Inc COM 92345Y106 223 1850 SH SOLE 1850 0 0 Verizon Communications Inc COM 92343V104 26825 502442 SH SOLE 499400 0 3042 Visa Inc - Class A COM CL A 92826C839 52592 350400 SH SOLE 338567 0 11833 W.R. Berkley Corporation COM 084423102 34226 428195 SH SOLE 415417 0 12778 Walt Disney Company (The) COM 254687106 6572 56197 SH SOLE 55005 0 1192 Waste Management Inc COM 94106L109 438 4850 SH SOLE 4850 0 0 Wells Fargo & Co COM 949746101 20288 385999 SH SOLE 385559 0 440 Whirlpool Corp COM 963320106 1579 13300 SH SOLE 13300 0 0 Xilinx Inc COM 983919101 8896 110959 SH SOLE 110959 0 0 Energy Select Sector SPDR Fund SBI INT-ENERGY 81369Y506 20868 275525 SH SOLE 275525 0 0 Invesco BulletShares 2018 Corp BULSHS2018 COR 46138J106 2671 126288 SH SOLE 124692 0 1596 Invesco BulletShares 2019 Corp BULSHS 2019 CB 46138J304 2299 109069 SH SOLE 107285 0 1784 Invesco BulletShares 2020 Corp BULSHS 2020 CB 46138J502 1968 93358 SH SOLE 92347 0 1011 Invesco BulletShares 2021 Corp BULSHS 2021 CB 46138J700 1072 51683 SH SOLE 51683 0 0 Invesco BuyBack Achievers ETF BUYBACK ACHIEV 46137V308 12529 205492 SH SOLE 205492 0 0 Invesco DB Gold Fund GOLD FD 46140H601 9669 258400 SH SOLE 258400 0 0 Invesco Dynamic 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iShares Core S&P Mid-Cap ETF CORE S&P MCP ETF 464287507 100118 497381 SH SOLE 497273 0 108 iShares Core S&P Small-Cap ETF CORE S&P SCP ETF 464287804 45744 524347 SH SOLE 523313 0 1034 iShares Currency Hedged MSCI E CUR HD EURZN ETF 46434V803 24831 829370 SH SOLE 829370 0 0 iShares Edge MSCI Min Vol EAFE MIN VOL EAFE ETF 46429B689 12175 167213 SH SOLE 167213 0 0 iShares Edge MSCI Min Vol Emer MIN VOL EMRG MKT 464286533 17942 302555 SH SOLE 302555 0 0 iShares Edge MSCI USA Quality USA QUALITY FCTR 46432F339 25636 283678 SH SOLE 283678 0 0 iShares Floating Rate Bond ETF FLTG RATE NT ETF 46429B655 1617 31692 SH SOLE 31692 0 0 iShares iBonds Dec 2019 Term C IBONDS DEC19 ETF 46434VAU4 915 36899 SH SOLE 36899 0 0 iShares iBonds Dec 2020 Term C IBONDS DEC20 ETF 46434VAQ3 824 32916 SH SOLE 32492 0 424 iShares iBonds Dec 2021 Term C IBONDS DEC21 ETF 46434VBK5 1194 49016 SH SOLE 47715 0 1301 iShares iBonds Dec 2022 Term C IBONDS DEC22 ETF 46434VBA7 924 37988 SH SOLE 37124 0 864 iShares iBonds Sep 2019 Term M IBONDS SEP19 ETF 46429B564 936 36915 SH SOLE 36915 0 0 iShares iBonds Sep 2020 Term M IBONDS SEP2020 46434V571 338 13401 SH SOLE 13401 0 0 iShares MSCI EAFE ETF MSCI EAFE ETF 464287465 1592 23421 SH SOLE 23230 0 191 iShares MSCI EAFE Small-Cap ET EAFE SML CP ETF 464288273 205 3298 SH SOLE 3298 0 0 iShares MSCI Emerging Markets MSCI EMG MKT ETF 464287234 309 7195 SH SOLE 7195 0 0 iShares MSCI Eurozone ETF MSCI EURZONE ETF 464286608 40252 981625 SH SOLE 981625 0 0 iShares MSCI Japan ETF MSCI JPN ETF 46434G822 20038 332699 SH SOLE 332699 0 0 iShares MSCI United Kingdom ET MSCI UK ETF 46435G334 1284 37633 SH SOLE 37633 0 0 iShares Nasdaq Biotechnology E NASDAQ BIOTECH 464287556 2292 18800 SH SOLE 18800 0 0 iShares Russell 1000 Growth ET RUS 1000 GRW ETF 464287614 1073 6880 SH SOLE 6880 0 0 iShares Russell 1000 Value ETF RUS 1000 VAL ETF 464287598 614 4849 SH SOLE 4849 0 0 iShares Russell 2000 Growth ET RUS 2000 GRW ETF 464287648 443 2062 SH SOLE 2062 0 0 iShares Russell 2000 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